What Is the Term That Accounting Software Packages Use for Control

question 8

Multiple Choice

What is the term that accounting software packages use for control accounts?

• A) Normal accounts
• B) Chart of accounts
• C) Sub-accounts
• D) Master accounts

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Definitions:

Goodness of Fit

A statistical analysis that measures how well observed data match the values expected by a model.

Independence Test

A statistical procedure used to determine whether two or more variables are independent of each other within a population.

Frequencies of Repairs

Frequencies of Repairs refer to the number of times repairs have been made within a specific period, indicating the maintenance needs or reliability of an item.

Automobile Manufacturer

A company engaged in the designing, production, marketing, and selling of motor vehicles.